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While the article doesn't mention whether he's selling his shares as a part of the exit from the board, wouldn't this be just the best time to sell his shares w
by motohagiography 4y ago
While the article doesn't mention whether he's selling his shares as a part of the exit from the board, wouldn't this be just the best time to sell his shares without significantly underming other investors? Charitably, when you are the largest individual shareholder you're kind of stuck, and this is a great time to extricate himself from risking the stock tanking everytime he needs liquidity as leverage for something else.
Not to diminish the other shenanigans afoot in this whole transition, but Dorsey leaving the board seems like the least suspicious of everything else flying around. Having founders around at this late stage is also disruptive to any new regime. It's like a royal family whose existence acts as a percieved limit on the absolute sovereignty of a government, since if there's a slim chance to appeal to them, people will act like they can at critical moments. Twitter is a thing, it's not a person or a community, and his exit hopefully will let people look at the business more objectively.
- deleted 4y ago[deleted]
- HWR_14 4y ago> ouldn't this be just the best time to sell his shares without significantly underming other investors? Well, he knows Musk. And if Musk is about to purchase everyone's shares for $54.20, it would be a horrible time. So if he sells at Twitter's current price, everyone will assume he heard from Musk the acquisition is off, and the price will plummet. Unless, of course, he sells the shares privately to Musk. It would leave Musk below the poison pill limit (I think), and the amount probably doesn't have to be disclosed then.
- lovingCranberry 4y agoDorsey could sell his shares at any dark pool.
- HWR_14 4y agoHe would have to report that after the fact, right?